Meanwhile, JLL is also in the process of selling a development parcel zoned for 32,000 square feet in NoHo, at 363 Lafayette St. The site allows for commercial space, but JLL's marketing materials suggest that a variance could be secured allowing for residential space to be built. The site is also a strong location for boutique office and retail space.

Lastly, the owner of a property on the Upper West Side at 200 Amsterdam Ave. has put it on the block with an asking price of more than $400 million. Zoning would allow for the tallest building in the neighborhood, a 388,000-square-foot, 600-foot residential tower. CBRE is marketing the property and notes that the tower enjoys protected views of Central Park.

By 2006, the synagogue had outgrown its original building, 200 Amsterdam Avenue, at West 69th Street. It struck a deal with American Continental Properties, a development company. They agreed to a land swap — 180 Amsterdam for 200 Amsterdam — under which the synagogue would gain a site for a new building, designed by CetraRuddy, and about $20 million to help finance the project. The developer would gain a site for a new apartment tower that would replace the old synagogue.

In odd contraption, Curious George-yellow and several stories high, raised some eyebrows when it appeared last week outside 200 Amsterdam Avenue, the former site of the Lincoln Square Synagogue. Since the synagogue moved a few hundred feet South, its old site has sat empty — and has increasingly become an eyesore — as locals await an expected development.

The machine, accompanied by a trough of dirty water, is the first evidence that construction is not far away. Contractors have told our tipsters that they are drilling to determine the bedrock’s depth, though they said they don’t know who is paying for the tests. Offices of the developer, the architects, and the zoning consultants have all either not yet responded, declined to comment, or said they “do not disclose” construction information.

Councilwoman Helen Rosenthal’s office also hasn’t responded to our inquiries. There are no active work permits for 200 Amsterdam Avenue – and any activity appearing to be construction-related must be reported to the Department for inspection, according to a communications rep at the Department of Buildings.

As such, details about the new building’s due date, its height (last we heard it could be 600 feet tall) and whether plans will be subject to public scrutiny, remain obscure.

However, what we do know is that if construction involves at least bedrock exploration, it’s likely the blueprint will not outline intentions for a two-story boutique or bodega. Bedrock drilling is typically reserved for skyscraper architecture, as a steel skeleton bored deeper in the earth ensures security for an otherwise wobbling height.

SJP Properties, in partnership with Mitsui Fudosan America, just closed on the purchase of a large development site at 200 Amsterdam Avenue, according to sources familiar with the transaction. Zoning allows for a 600-foot-high residential tower of nearly 400,000 square feet, and the partners intend to build luxury condominiums on the site.

When reached by phone late Thursday, SJP president Allen Goldman confirmed the purchase. He declined to comment on the purchase price, but sources familiar with the deal said it closed for close to $750 per buildable square foot, or nearly $300 million.

The condo project between West 69th and West 70th streets, Goldman said, will cater to New Yorkers and families from the suburbs looking to downsize and move into the city. The design, he added, would be “highly contextual with the architecture of the Upper West Side,” and the property boasts protected views of Central Park.

The seller, according to property records, was American Continental Properties. Founded by Daniele Bodini, the firm has substantial holdings in the neighborhood, and was represented in the deal by CBRE’s Darcy Stacom, Bill Shanahan and Paul Leibowitz. In January, CBRE began marketing the property, the former home of the Lincoln Square Synagogue, asking north of $400 million.

The 55-story project is slated to be the tallest building on the Upper West Side, a neighborhood where new condo product fetched an average price of $1,898 per square foot during the third quarter of the year, according to Halstead Property Development Marketing.

Manhattan–based SJP, led by Steven Pozycki, has developed over 25 million square feet of office and residential space since 1981. It recently sold a noncontrolling interest in 11 Times Square to Norges Bank.

Mitsui Fudosan America, the U.S. investment arm of Japanese development firm Mitsui Fudosan, paid more than $250 million in December for a large stake in Related Cos. 55 Hudson Yards. The firm’s other holdings in the city include 1251 Sixth Avenue at Rockefeller Center and 160 Madison Avenue.

Japanese lender Sumitomo Mitsui Trust Bank provided Steven Pozycki’s SJP Properties with a $160 million mortgage for a property on Amsterdam Avenue between West 69th and West 70th Streets on the Upper West Side in Manhattan, city records show.

Proceeds of the loan, which closed on Feb. 18, are being used to fund the acquisition of the 5,000-square-foot lot at 208 Amsterdam Avenue, also known as 200 Amsterdam Avenue. Mitsui Fudosan America—the U.S. investment arm of Japanese real estate firm Mitsui Fudosan Co.—and Mr. Pozycki’s real estate development firm scooped up the property for $275 million back in October 2015 from American Continental Properties, according to property records.

The new ownership is constructing a 51-story, 112-unit luxury residential condominium tower at the site, a spokeswoman for SJP confirmed, but would not comment further.

The structure of the old Lincoln Square Synagogue, which was built in 1965, is still on the Amsterdam Avenue site. The synagogue moved to its new location down the street at 180 Amsterdam Avenue between West 68th and West 69th Streets in 2013, according to its website.

Mr. Pozycki founded SJP in 1981 and currently has 20 buildings under management. In 2014, the firm completed The Modern, a 47-story, 900-unit rental building in Fort Lee, N.J. In Manhattan, SJP developed 45 Park Avenue, a 22-story, 106-unit luxury condo in Murray Hill, and the Platinum, a 43-story, 220-unit condo at Eighth Avenue and West 46th Street in the Theater District.

A representative for Mitsui Fudosan declined to comment, and a representative for Sumito Mitsui did not immediately respond to inquiries.

Just a mass model for a proposal in East Harlem along the waterfront. I forget the name but we have a thread I believe floating around here somewhere for it. Either that or its in the compilations but I remember seeing it. One of those numerous large scale housing projects thats floating in the pipeline. Similar projects planned for the Bronx and in Queens along the East River. It'll turn up eventually. The boom is so large that if it wasn't for recent news, something like 200 Amsterdam would of been lost. And its 600 feet too!

Quote:

Originally Posted by yankeesfan1000

Just never ends…. It's unbelievable.

I agree. If you want to get an idea of what ssp would look like if it was only NYC based for projects 15 floors or greater, look at the list at YIMBY forums.

For under construction, we have 184 threads of projects all 20 floors or greater. We have 426 proposals, all greater than 20 floors. Enough to fill probably this whole site with 20 plus pages of just construction and or proposals in each sub forum. The focus for that site is purely NYC, but it shows the need for compilations here. The boom is madness.

And the idea that a 600 or even 800 foot tower gets lost here is a testament to how much is going on. In a lot of cities, 600 feet is a big deal. Here, its forgettable.

Demolition of the old synagogue at 200 Amsterdam is proceeding slowly. The building is tightly sealed and there are asbestos removal warning signs posted on the building. So I assume it will be a while before the site is cleared and ready for new construction.

The lower blocks of the Upper West Side have given rise to a sprinkling of skyscrapers in recent years, from the Fordham redevelopment to 200 West 67th Street. And now, YIMBY has the reveal for 200 Amsterdam Avenue, which will rise 666 feet to its roof, becoming the tallest building on the Upper West Side.

The site originally held a synagogue,. It was acquired for $275 million in 2015 by SJP Properties and since then the developer has landed $160 million in financing from Mitsui Fudosan.